Wall Street Zen Upgrades Docebo (NASDAQ:DCBO) to Buy

Docebo (NASDAQ:DCBO) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also commented on DCBO. TD Cowen reiterated a “buy” rating and issued a $37.00 price objective on shares of Docebo in a report on Friday, October 3rd. Morgan Stanley cut their price target on Docebo from $34.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Monday, November 10th. ATB Capital raised Docebo to an “outperform” rating in a report on Wednesday, December 10th. Weiss Ratings lowered Docebo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, December 31st. Finally, National Bankshares dropped their price objective on Docebo from $35.00 to $31.00 and set a “sector perform” rating on the stock in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Docebo presently has a consensus rating of “Moderate Buy” and an average price target of $36.20.

Docebo Trading Down 0.6%

DCBO opened at $21.88 on Friday. The firm has a market capitalization of $628.83 million, a P/E ratio of 29.57 and a beta of 1.45. The firm’s 50 day moving average is $22.16 and its 200-day moving average is $26.82. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05. Docebo has a 52-week low of $20.20 and a 52-week high of $43.94.

Hedge Funds Weigh In On Docebo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DCBO. Employees Retirement System of Texas acquired a new position in Docebo during the 2nd quarter valued at about $44,000. TD Waterhouse Canada Inc. boosted its holdings in shares of Docebo by 39.5% in the third quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock valued at $172,000 after acquiring an additional 1,805 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Docebo by 46.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,063 shares of the company’s stock valued at $193,000 after acquiring an additional 2,248 shares during the period. Centiva Capital LP acquired a new position in shares of Docebo during the third quarter valued at approximately $204,000. Finally, Boothbay Fund Management LLC bought a new stake in Docebo during the third quarter worth approximately $291,000. 53.17% of the stock is owned by institutional investors.

Docebo Company Profile

Docebo is a cloud-based learning management system (LMS) provider that offers enterprise organizations a comprehensive platform for employee, customer and partner training. The company’s software is designed to streamline learning and development with features such as AI-powered content recommendations, automated learning paths and social collaboration tools. Docebo’s platform supports multiple languages and integrates with a variety of third-party applications, enabling businesses to deliver training at scale across different departments and regions.

Founded in 2005 and headquartered in Toronto, Canada, Docebo has expanded its footprint to serve customers in North America, Europe, the Middle East and the Asia Pacific region.